Chap. 98.—An ACT amending the charter of the Rawlings institute.

Approved February 13, 1901.

Whereas there has existed in the city of Charlottesville for some time
a female school under the name and style of Rawlings institute, con-
ducted by the Baptist denomination of the Christian church, to which
generous donations of lands and funds have been made, and which is
engaged in the meritorious task of educating young women, and it is
decmed best that this school should be incorporated; therefore,

1. Be it enacted by the general assembly of Virginia, That Reverend
A. E. Dickinson, Honorable John E. Massey, Reverend H. W. Tribble,
Reverend F. R. Boston, Reverend F.C. McConnell, Reverend M. L.
Wood, Judge W. R. Barksdale, Honorable George B. West. Honorable J.
T. Griffin and M. C. Thomas, esquire, and such other persons as may
be associated with them or who may succced them, be, and they are.
hereby constituted a body corporate under the name and stvle of
Rawlings institute, and as such have, and shall continue to have, all the
rights, ‘privileges and immunities of such a hody corporate, with the
right to have a common seal, to sue and be sued, plead and be impleaded
w ith, contract and be contracted with according to law.

2. Said corporation shall have the right to receive by gift, devise or
purchase, real and personal property for its use and benefit, and to sell,
convey, mortgage or encumber or dispose of the same when necessary
or expedient; and shall have all other rights, privileges, and powers
which may be necessary for carrving out the ends for which it is created:
ee they are not against the Jaws of this commonwealth.

3. The persons named in the first section of this act shall constitute
the first hoard of trustees of Rawlings institute; said board shall have
the power to elect officers for the corporation, and officers and teachers
for the school, and remove same at its discretion; to enact by-laws for
the corporation and regulations for the school; to require bonds from
the custodians of its funds, and to borrow money on the credit of the
corporation when authorized by it.

4. As soon as may be practicable or expedient the board of trustees
shall open books of subscription to the capital stock of the corporation
which shall not be Jess than five thousand (45,000) dollars nor more
than twenty-five thousand ($25,000) dollars, the value of shares to be
fixed by the board of trustees. As soon as the minimum shall have been
stbseribed, a day shall be fixed for the election of trustees, who shall
be ten in number, of whom five shall be a quorum for the transaction of
business, and such an election shall take place annually thereafter, each
stockholder having one vote for each share of stock held by him, to be
given in person or by proxy. Until so organized the original board of
trustees shall conduct its affairs, adding to its number or filling vacancies
as it shall see fit, and a majority shall constitute a quorum.

5. And this corporation being organized not for profit or business,
but as an educational and eleemosynary one, no fee or tax shall be charged
for this charter.

6. This act shall be in force from its passage.